Bitcoin rose 8% to $48,861 on Monday.
Bitcoin is the world’s largest and best-known cryptocurrency.It has risen 76.2% from the year’s low of $27,734 on January 4.
Bitcoin’s price soared in 2021 as major firms such as BNY Mellon, asset manager BlackRock Inc, credit card giant Mastercard Inc, backed cryptocurrencies, while those such as Tesla Inc Square Inc and MicroStrategy Inc invested in bitcoin.
